NEW DELHI: Indra Nooyi, chairman and CEO at Pepsi-Co, is set to meet Prime Minister Narendra Modi next week, making her the fifth global business head to meet the premier who has been egging on multinationals to invest in the country.

Nooyi will meet Modi and other key government officials early next week, two officials with direct knowledge of the development said. A PepsiCo spokesperson confirmed the global CEO's visit to India, but declined to share details of her schedule. In his Independence Day address last week, Modi had urged global firms to set up manufacturing bases in India.

"Come, make in India. Be it plastics or cars or satellites or agricultural products, come make in India," the prime minister had said, reiterating his government's resolve to step up manufacturing activity in the country, which contracted 0.7 per cent in 2013-14, the first time since 1991-92, resulting in economic growth falling to less than 5 per cent for the second consecutive year.

Since it was sworn in on May 26, the NDA government has been working towards reviving a flagging economy, curbing rising prices, especially of essential commodities, reigniting foreign investments and creating more jobs.

Among Indian businessmen, he has met salt-to-software Tata Group chairman Cyrus Mistry. PepsiCo had late last year announced investments of $5.5 billion in India by 2020, to double production capacity, boost product development and step up sales and distribution.